Key trends and drivers for the personal accident and health insurance segment

The various distribution channels in the Cypriot personal accident and health insurance segment

The detailed competitive landscape in the personal accident and health insurance segment in Cyprus

Detailed regulatory framework of the Cypriot insurance industry

A description of the personal accident and health reinsurance segment in Cyprus

Porter\'s Five Forces analysis of the personal accident and health insurance segment

Executive summary

The Cypriot healthcare system is characterized by absence of universal coverage. Although designed to provide comprehensive coverage, the general health insurance system (GHIS) has not been implemented due to cost overruns and pressure on government finances from the financial crisis. In terms of total healthcare expenditure, the share of the private sector stood at 57%, higher than public expenditure which stood at 43% in 2011. The current public system lacks efficiency and technological capability and has resulted in an increased dependence on private sector insurance. The personal accident and health segment’s written premium increased at a CAGR of 7.8% during the review period (2008−2012). The troubled state of the economy, rising unemployment figures and a decline in disposable income is impacting demand for personal accident and health products.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Cyprus:

It provides historical values for the Cypriot personal accident and health insurance segment for the report’s 2008–2012 review period and projected figures for the 2012–2017 forecast period.

It offers a detailed analysis of the key sub-segments in Cypriot personal accident and health insurance segment, along with market forecasts until 2017.

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

It analyses the various distribution channels for personal accident and health insurance products in Cyprus.

Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Cyprus for the personal accident and health insurance segment.

It provides a detailed analysis of the reinsurance segment in Cyprus and its growth prospects.

It profiles the top personal accident and health insurance companies in Cyprus and outlines the key regulations affecting them.

Reasons to buy

Make strategic business decisions using in-depth historic and forecast market data related to the Cypriot personal accident and health insurance segment and each category within it